36 John Ringo RdRingoes, NJ 08551

  • Other commercial real estate
  • 1,380 SF
For Sale
$350,000 View listing

Property Details for 36 John Ringo Rd

Construction
FRAME
Lot size
0.50 AC
Property size (Sq ft)
1,380 SF
Zone code
LB
Property type
Other commercial real estate
APN
08 00012-0000-00001
APU
800012000000001

Description

This exceptional business opportunity presents the chance to acquire a well-established restaurant in Ringoes, NJ, boasting a remarkable 53-year history under the same family ownership. The restaurant has thrived, even exceeding pre-pandemic performance levels. Currently operating six days a week, from 7 AM to 2 PM, the business offers significant potential for expansion, including evening hours. The current operational model is cash-only. A key advantage for prospective buyers is the seller's willingness to offer a triple-net lease on the building and all equipment, minimizing upfront capital expenditure. This turnkey operation provides immediate access to a loyal customer base and a proven business model. The restaurant's longevity speaks volumes about its consistent appeal and strong community ties. Financial records will be made available to qualified buyers during the due diligence process. This represents a rare opportunity to acquire a profitable, established business with a long and successful history, ready for continued growth and expansion under new ownership. The business has been operating successfully since 1971, demonstrating its resilience and adaptability within the market. The triple-net lease structure offers a streamlined and predictable operating cost model. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $288,141
    Hospitality
    $263,935
    Educational
    $219,591
    Medical
    $227,143
    Retail
    $341,586
36 John Ringo Rd, Ringoes, New Jersey

Location Insight

City
Ringoes
County
Hunterdon
State
New Jersey
Latitude
40.4294
Longitude
-74.8675
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,708
$137,500
$81,100
$218,600
-
$137,500
$81,100
$218,600

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